Shriram General Insurance eyes for acquisition deals in Asia

India Infoline News Service | Mumbai |

SGI, along with its South African partner Sanlam, is considering deals in the range of $50 million-$75 million

Private general insurer Shriram General Insurance (SGI) said it is looking for acquisition opportunities in Asia, according to a media report.

SGI, along with its South African partner Sanlam, is considering deals in the range of $50 million-$75 million, the report added.

SGI, promoted by Shriram Capital, had recently bought Philippines-based Monarch Insurance.

SGI is private non-life insurers with a capital base of Rs. 2.58 billion. The company has reported a premium income of Rs. 3.47 billion in the first quarter. The company has also been consistently reporting profits.


 

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